Tract 1 Hernandez Rd Santa Fe, NM 87507
This exceptional 9.29-acre residential land parcel presents a unique development opportunity in Santa Fe, New Mexico. Located near the thriving southside retail corridor and easily accessible via Tierra Contenta Dr, Ocate Rd., and Hernandez Rd., this level lot is ready for immediate development. The property boasts convenient proximity to utilities and is situated approximately 1.5 miles from the I-25 intersection, offering excellent connectivity. Zoned R-21 Residential (21 dwelling units per acre), this site is ideal for a variety of residential projects. The asking price is $3,437,300, representing a compelling investment in a rapidly growing area of Santa Fe. This prime location offers significant potential for residential development, capitalizing on the area's increasing demand for housing. The property's level topography simplifies construction, minimizing site preparation costs. Its strategic location near major roadways and amenities ensures high visibility and accessibility for future residents. Don't miss this chance to acquire a substantial piece of land in one of Santa Fe's most desirable areas. The property is situated at 0 Hernandez Rd. Tract 1, Santa Fe, NM 87507.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.